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Search ResultsShowing 1 - 10 of 100+ results for "CBA"
Dollarmites faces more backlash
ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
... children about healthy eating. "There are cash incentives for schools that sign students up, and it's effective marketing for CBA which get customers, sometimes for life. There has to be a better way to teach our kids about money that doesn't involve ...
CBA in court for overcharging interest
ELIZABETH MCARTHUR  |  TUESDAY, 1 DEC 2020
ASIC has commenced proceedings against the Commonwealth Bank (CBA) for overcharged interest to thousands of customers, as revealed during the Royal Commission. In the Federal Court, ASIC will allege that CBA charged a rate of interest on business overdraft ...
APRA reduces CBA capital requirement
ANNABELLE DICKSON  |  FRIDAY, 20 NOV 2020
... improving governance concerns. The $1 billion capital add-on has been halved to $500 million with immediate effect and increases CBA's common equity tier one capital by 17 basis points. APRA imposed the additional capital requirement on the bank in May ...
CBA feels pressure of low rates, profits down
ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... bank experienced $5.6 billion growth in its home lending, $15.8 billion in deposits and $1.4 billion in business lending. CBA chief executive Matt Comyn said the growth partially offset the lower margins. "Operating performance in the quarter was highlighted ...
The platforms with the most advisers
KANIKA SOOD  |  TUESDAY, 3 NOV 2020
Colonial FirstChoice remains the platform used by the most advisers, with about 11% market share, according to latest Rainmaker estimates. CBA's platform is used by 9835 advisers and 1085 Australian financial services licence. It is followed by ...
RBA, CBA, NAB partner for wholesale currency
ANNABELLE DICKSON  |  TUESDAY, 3 NOV 2020
... banking and markets Andrew Hinchliff said the bank believes that DLT will have a far-reaching impact for financial services. "CBA has already seen it successfully applied many times, in instances such as stable coins, supply chain and capital markets ...
CFS Investments chair to retire
KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... superannuation and investment businesses in Australia and I am proud to have played a part in its many achievements during my tenure." CBA is in the process of offloading 55% of CFS to private equity firm KKR for an estimated $3.3 billion. "I look forward ...
CBA executive pay voted in
ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
... $1.6 million in LTAR and LVTR. The remuneration report narrowly missed a strike, receiving 78.7% of votes in favour of it. CBA chair Catherine Livingstone explained the bank had implemented a new remuneration framework which reduces overall maximum executive ...
Superhero nabs new recruits
ALLY SELBY  |  FRIDAY, 2 OCT 2020
... set to join the platform over the coming weeks. Smeaton, Superhero's newly appointed chief compliance officer, has worked at CBA for over two years, most recently as an executive manager of regulatory supervision and global regulatory affairs, where ...
CBA progresses with divestment to AIA
ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...
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